News That Matters

Tag: September

Economy grows by 0.6% despite September 'weakness'

Economy grows by 0.6% despite September 'weakness'

Business
The UK economy expanded by 0.6% in the three months to September - its strongest quarter in almost two years - but there are growing signs of a slowdown ahead of Brexit. Early official figures from the Office for National Statistics (ONS) - which were in line with the forecasts of economists and the Bank of England - pointed to a hot summer boost for consumer spending.This rose 0.5% on the previous three months. The figures also showed a 2.1% output increase from construction after weather disruption earlier in the year and manufacturing also picking up.But the ONS said demand took a hit in September as temperatures cooled - with business investment contracting at the fastest pace since early 2016 as attention turned to uncertainties over the country's future trading rela...
Cheaper food drives UK inflation lower in September

Cheaper food drives UK inflation lower in September

Business
The UK inflation rate fell more than expected in September after hitting a six-month high in August.The Office for National Statistics said the fall to 2.4%, down from 2.7%, was largely driven by lower prices for food and non-alcoholic drinks.The Consumer Prices Index figure surprised economists who had been expecting inflation to fall to 2.6%.The result is expected to ease pressure on the Bank of England to raise interest rates in the near future.Andrew Wishart, UK economist at Capital Economics, said: "With inflation in line with the Bank of England's forecast, and measures of domestically generated cost pressures, such as core inflation and services inflation falling back, this reduces any pressure on the MPC to act again before it can assess the likel...
OPEC: Venezuelan, Iranian monthly oil production down in September

OPEC: Venezuelan, Iranian monthly oil production down in September

Business
Oct. 11 (UPI) -- Oil production in Venezuela, a country with the world's biggest reserves, reached a new low in September as it goes through political and economic instability, declining 3.4 percent in September from August. Production has now reached its lowest point since the 2002-2003 PDVSA oil strike -- in addition to Iranian output also falling. According to monthly data released Thursday by the Organization of Petroleum Exporting Countries, or OPEC, and which it attributed to "secondary sources," the country's September production was just under 1.2 million barrels per day, down 42,000 barrels per day from August. Venezuelan officials confirmed a decline to OPEC, but at a higher level. According to the figures reported and described as coming from "direct communication" with Venezue...
Oh My Girl to return with new music in September

Oh My Girl to return with new music in September

Entertainment
Aug. 21 (UPI) -- South Korean girl group Oh My Girl will return in September. The K-pop stars have completed a new music video and will make their comeback next month, according to Newsen. "A full group comeback is confirmed for September," Oh My Girl's agency, WM Entertainment, confirmed. "The timing is being discussed." The Korea Herald said the new video is for the group's forthcoming EP. WM Entertainment said Hyojung, Mimi, YooA, Seunghee, Jiho, Binnie and Arin have been working hard on their return. "Members are putting a lot of effort into preparing for the comeback," the company said. "Please show lots of love to Oh My Girl!" Oh My Girl last released the EP Secret Garden in January. The group is known for the singles "Closer," "Liar Liar" and "Listen to My Word (A-ing)." L...
Putin invites Kim to Russia in September

Putin invites Kim to Russia in September

World
Vladimir Putin has invited Kim Jong Un to Russia in September following the North Korean dictator's meeting with Donald Trump. The Russian leader had a meeting with North Korean official Kim Yong Nam on Thursday, at which he handed over an invitation for Mr Kim to visit later in 2018.Kim Yong Nam is the head of the presidium of North Korea's Supreme Assembly.Putin also said he welcomed the meeting that took place between Mr Trump and Mr Kim in Singapore on Tuesday, adding that the summit has reduced the threat of a major conflict.The Russian leader added that a war of words between the US and North Korea had "worried the entire world and could entail grave consequences". Image: Donald Trump and Kim Jong Un had a historic meeting ...